Share Name Share Symbol Market Type Share ISIN Share Description
Ite Group Plc LSE:ITE London Ordinary Share GB0002520509 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.70p +0.96% 73.80p 73.40p 73.90p 75.60p 73.40p 73.50p 28,712 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 175.7 -3.7 -1.6 - 547

Ite Share Discussion Threads

Showing 651 to 673 of 950 messages
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You just can't fault this little fella can you. free stock charts from
Reasonable volume, leading upto trading statement end of September, good news I wonder?
There seems to be a steady stream of Exhibitions in Eastern Europe on the horizon and a reflected growth in profits. The dividends are reasonable too considering it's a niche market.
On the move nicely this morning, it feels good to break out of that 150 - 155 trading range. Let's hope it stays up there at close. S
Hi denbos, Yes, it's very quiet on this BB which is a shame as I get so much from other BBs A good trading stock - yes, but you could also see that as a bit too volatile. S
Surprised that such a large strong company has so few commenting on its stock. This is a good trading stock judging by it graphs.
Nice move up at the start. Brokers recommending it last week.
Broker upgrade....... ITE group reiterated as BUY by Panmure- t/p raised from 175p to 187p
Good to see we have solid broker backing here and not suprised with it being so cheap. A foward P/E of just over 11 to 2011 is very miserly. ITE Group PLC FORECASTS 2010 2011 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Numis Securities Ltd 15-07-10 BUY 33.50 10.20 5.70 39.00 12.00 5.90 Singer Capital Markets Ltd 15-07-10 BUY 34.20 10.30 5.70 41.40 12.60 6.00 KBC Peel Hunt Ltd 15-07-10 HOLD 33.95 10.25 5.70 39.52 12.04 5.90 Investec Securities 24-06-10 BUY 36.04 11.01 5.72 40.24 12.24 5.95 Altium Securities 22-06-10 BUY 33.80 10.40 5.50 38.80 11.90 5.70 Collins Stewart 18-05-10 BUY 10.50 12.60 2010 2011 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 33.87 10.32 5.70 39.57 12.09 5.92 1 Month Change 0.03 -0.08 -0.00 -0.07 -0.04 -0.03 3 Month Change 1.06 0.23 0.01 1.56 0.47 -0.04 GROWTH 2009 (A) 2010 (E) 2011 (E) Norm. EPS 36.55% -18.72% 17.11% DPS 10.42% 7.64% 3.70% INVESTMENT RATIOS 2009 (A) 2010 (E) 2011 (E) EBITDA £47.78m £35.41m £40.99m EBIT £42.71m £31.50m £36.30m Dividend Yield 3.76% 4.05% 4.20% Dividend Cover 2.40x 1.81x 2.04x PER 11.10x 13.66x 11.66x PEG 0.30f -0.73f 0.68f Net Asset Value PS -2.50p 24.10p 29.10p
Nice share price movement today.
Promoted to FTSE 250
I'm in profit at last, hopefully the sleeping share price has woken.
Can anyone tell me by what date do you need to be on the register to recieve the final dividend as is been brought forward to Feb? thanks, Andy.
Interesting looking back here although not in any more, sold way too early back in May ! Excuse is I put the money into my business. The trading statement showed nothing much wrong in September 08. This was backed up in December by good finals and nothing much in the way of worry. Yet by March it was down to 50p, which, if you gave credit for a well run business over the years, where there had been nothing untoward in the way of worrying statements about the economy, was probably a p/e of 5 based on the previous and likely future results. Just goes to show how the good companies get knocked back in a nasty market and there is nothing rational about it. You just have to steel yourself, buy in and wait, but its probably more important than ever at those times not to need to take your money out for a few years. We've been lucky to have a V shaped stock recovery, but it could easily have been a long drawn out saucer - nobody can have known in advance.
Good results - Net cash, large dividend, Good free cash flow Paid in euros - Oil price rising Previously much higher PE - Will re-rate
Looking good again...on verge of a second breakout imo
what a lovely break out ;o)
breaking out!
just got a few...looks to be breaking out after a long period of consolidation around 100p
sirmoori, previous post, must have thought ITE was an oil and gas company from the header (ITE gas propelled upwards) when everyone knows its an exhibitions company!!
Merger mania starts to grip oil sector Created: 15 July 2009 Written by: Martin Li Centrica's £1.3bn hostile bid for North Sea gas outfit Venture Production is unlikely to be the last chapter in a burgeoning merger boom in the oil and gas sector, with a recent survey indicating that many within the industry expect takeover activity to increase markedly in the next five years. The latest Oil & Gas Outlook North Sea Survey summarises the views of 344 oil executives and industry professionals, and it found that nearly 74 per cent of survey respondents forecast greater acquisition activity in the period 2010-2015. More than 45 per cent of respondents thought the North Sea would become more important to their companies during 2010-2015, compared with 32 per cent who thought it would become less important. Even more conclusive were the views of future opportunities. Over 61 per cent of respondents thought using enhanced oil recovery techniques to maximise production from existing fields (which might otherwise recover as little as 20 to 30 per cent of the oil in a field) to be the most significant opportunity for North Sea companies. Using better technology to exploit 'stranded' fields is the bedrock of Venture's strategy, and both the company and some of its major shareholders think there is plenty more mileage in this than Centrica's offer implies. It has described the bid as "opportunistic". Centrica is after Venture's gas reserves, which account for 70 per cent for its overall reserve base, in order to increase its vertical integration and reduce its exposure to fluctuating wholesale gas prices. It has said the offer is "final" unless a counterbidder emerges, and it has the advantage of already owning 29.9 per cent of the company. The Middle East is also seeing a flurry of corporate activity. The offer from China's Sinopec for Addax Petroleum and Heritage Oil's merger with Turkey's Genel Enerji highlight the potential of Kurdistan, now further underscored by Gulf Keystone's plan to sell its Algerian assets and focus entirely on operations in Kurdistan. Across the border in Syria, shares in Emerald Energy, co-developer of the prolific Khurbet East discovery, has confirmed it is the subject of a possible cash offer, with Chinese oil companies again thought to be the most likely buyers. IC VIEW: There could well be a boom in smaller oil company takeovers, but the bidders are increasingly likely to be powerful parastatal companies with considerable bargaining power, so don't count on knock-out valuations. The Centrica-Venture situation doesn't fit this mould; with a counterbid unlikely and Centrica digging in on price, Venture's shares are fairly priced at 825p.
TIMES ITE Group Russell Taylor of ITE Group has more reason than most chief executives to be grateful for sterling's weakness. The emerging markets exhibitions organiser that he runs draws nearly three-quarters of its sales in euros. That has meant that, not only were first-half sales and operating profits better than expected – up 33 and 91 per cent respectively – but currency moves should offset some of the fall in forward bookings. ITE reported that sales volumes for the current year were down 20 per cent on last, with Ukraine and Kazakhstan especially weak. All the same, profit forecasts for ITE's next financial year were cut by up to 12 per cent, pulling the shares down nearly 7 per cent in response. The long lead times of an exhibitions organiser mean that ITE is a classic late-cycle business, so it is not surprising that the full effects of the downturn have yet to feed through. It has also had to cope with economic shocks (oil price falls, rouble devaluation) in Russia, its biggest market. The comfort is that international events, through which multinationals seek exposure to the former Soviet Union, have held up better than domestically focused peers. ITE also sits on £25 million of cash. However, at 90¾p, or nine times next year's earnings, and yielding 5.8 per cent, the shares are best avoided pending signs of greater stability in forward bookings.
Come on now ITE, this is just getting painful - I've been punished for selling at 75p, but this is just rubbing salt into the wound ! Perhaps funds have been getting back into the market in a small way, but there's just no shares to go around ?
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